= The manufacturing industry has a labor demand curve given by L 1200 - 100w and the service industry has a labor demand curve given by L = 400-20w. Total labor supply is given by LS400 (i.e. labor supply is perfectly inelastic - it doesn't depend on the wage. Here assume L is in units of workers, so there are 400 total workers) a. Find the equilibrium wage and labor in each industry (remember the sum of labor in each industry has to add up to total labor) b. The manufacturing industry union renegotiates a wage of $11. If workers can freely move between industries, what happens to wages and employment in each industry? (Hint: If workers cannot find a job in manufacturing, they will look for a job in services) c. Service workers complain about low wages, so the government mandates a $11 minimum wage. What happens to employment in each industry? What is the unemployment rate? d. Show what happened on a graph